Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
Fintech / Regtech
FIA to Form New Global Taskforce in Response to ION Outage
08/03/2023
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
Big Picture
BIS Paper Takes Stock of Individual Accountability Regimes
08/03/2023
The paper introduces the concept of the “accountability stack”, which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.
AML / KYC
US SEC Fines Rio Tinto Over Bribery Scheme Involving Guinea Mining Rights
08/03/2023
Rio Tinto paid a former classmate of a Guinean government official for helping it secure mining rights. The consultant later attempted to pay $822,000 to the official.
Crypto / Digital Assets
FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
08/03/2023
Alameda accuses Grayscale and its owner Digital Currency Group of “brazen abuse” of their control over nearly USD 19 billion of digital assets held in two trusts.
AML / KYC
HKMA Issues New AML/CFT Guidance for Private Banks
08/03/2023
Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
Crypto / Digital Assets
Crypto Focused Bank Silvergate Edges Towards Closure
06/03/2023
Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.
Securities / Derivatives
Foreign Firms Announce New Mutual Fund Launches in China
06/03/2023
Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
Market Infrastructure
Stock Connect Expansion to Launch on 13 March 2023
06/03/2023
Mainland investors will have access to about 80 more HK-listed stocks; International investors will have access to more than 1,000 more Mainland-listed stocks.
Crypto / Digital Assets
RBA Selects Use Cases to be Tested in Live CBDC Pilot
03/03/2023
ANZ is involved in four case proposals; CBA is involved in two. Mastercard and Cuscal propose to use CBDC to enable consumers to buy NFTs.
Crypto / Digital Assets
Third FTX Executive Pleads Guilty to US Fraud Charges
01/03/2023
Nishad Singh created the software code that allowed FTX customer funds to be diverted to the Alameda Research hedge fund.
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